Tariffs on Asian goods hurt Nike and Lululemon stocks, but talks with Vietnam may offer relief.

US President Trump's tariffs on Asian manufacturing hubs have caused significant declines in stocks of companies like Nike and Lululemon, due to potential increased production costs. However, recent talks with Vietnam to reduce tariffs to zero have led to a surge in Nike and Lululemon shares. Critics argue that Nike's financial struggles are not solely due to tariffs but also due to broader business trends. The tariffs have led to fears of higher consumer prices and reduced spending, impacting various industries including technology and travel.

1 week ago
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